Burger King NNN Property For Sale — Bakersfield, CA
1949 Columbus St, Bakersfield, CA 93305
This Burger King property presents an exceptional opportunity for investors seeking a prime absolute triple-net (NNN) leased asset in Bakersfield, CA. Positioned adjacent to a Lowe's Home Improvement anchored shopping center and in close proximity to the East Hills Mall, the property benefits from strong retail synergy and high traffic counts. The 3,130 square foot free-standing building, constructed in 1993, features a convenient drive-thru and kids' playland, situated on approximately 0.76 acres of land. A new 20-year absolute NNN lease is in place with a seasoned operator, O.T.S.S. Enterprises Inc., boasting a successful 30-year history with Burger King in Kern County. The lease includes attractive 10% rental escalations every five years during the initial term and option periods. The…
- Address: 1949 Columbus St, Bakersfield, CA 93305
- Asking price $1.20M
- 6.50% cap rate
- NOI $78,000
- 5.6 years remaining
- NNN lease
- Year built: 1993
- Building size: 3,130 SF
- Lot size: 0.76 acres
- Lease expiration: Mar 31, 2032
- Rent increases: Every 5 years
- Guarantor: Corporate
Location
This Burger King property is at 1949 Columbus St in Bakersfield, California.
Asset type: Retail - Free Standing Restaurant